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USDCAD ANALYSIS FOR UPCOMING WEEKI will be looking for SELL positions this upcoming week. Market is approaching the Golden Zone also known as the area from the 50-61.8% Fibonacci Retracement Level. It does have potential to drop now but I'd prefer to wait a little longer for a higher probability, however you may trade as you intend. The "Sniper" entry would be the best entry with best R:R. The stop loss and Take profit levels intend to stay the same, I recommend a trailing stop and multiple entry's when necessary. Enjoy your WEEK traders, hope this was helpful.
Short
by Profitsdaily
EUR/USD Trend Today - Downtrend?EUR/USD news: 🔆The EUR/USD pair continues its downward trend for the third consecutive day, trading around 1.0390 during the Asian session on Friday. The Euro faces selling pressure due to increased risk aversion, driven by escalating trade tensions between the US and the EU. US President Donald Trump signaled the possibility of imposing “reciprocal” tariffs on the EU as soon as April. 🔆In response, a European Commission (EC) spokesperson stated that the EU would respond decisively and immediately to any unjustified trade barriers. This ongoing uncertainty may further weaken the Euro, adding to the bearish sentiment surrounding the EUR/USD pair. 🔆Meanwhile, the US Dollar Index (DXY), which tracks the performance of the USD against six major currencies, gained strength following the release of US GDP data on Thursday. At the time of writing, the DXY remains near 107.40. Personal opinion: 🔆EUR/USD will continue to maintain a downtrend in the coming days due to the negative news still affecting. But there will be an increase to retest the resistance zone and then follow the downtrend Analysis: 🔆Based on important resistance - support levels and Fibonacci combined with the SMA200 line to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0420 – 1.0430 ❌SL: 1.0460 | ✅TP: 1.0380– 1.0340 – 1.0300 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
PEPUSD POTENTIAL SETUP **Overview:** PEPEUSD is currently trading within a descending channel, respecting key supply and demand zones. The market is approaching a critical decision point that could determine the next major move. **Key Levels:** 🔹 **Support:** 0.00000719 - Strong demand zone where price has recently bounced. 🔹 **Resistance:** 0.00000850 - Key breakout level to watch. 🔹 **Major Target:** 0.00001031 - Potential upside target if bullish momentum takes over. **Analysis:** - The price is currently in a downward structure but has shown signs of potential reversal from the demand zone. - A **break above the 0.00000850 zone** could confirm bullish momentum, making it a strong area to accumulate more positions. - If the price fails to break this resistance, we may see further consolidation or a continuation of the downtrend. **Trade Plan:** 📌 **Bullish Scenario:** - Wait for a confirmed breakout and retest of 0.00000850 before entering long. - Target **0.00001031** with a proper risk-reward setup. 📌 **Bearish Scenario:** - If price rejects resistance, short opportunities could be considered with a stop above the resistance. - Target the previous low at **0.00000719** for a potential retracement. *Final Thoughts:** This setup requires patience and confirmation. Always manage risk accordingly and wait for clear price action signals before executing trades. 🚀📊
COINBASE:PEPEUSDLong
by BullvsBear-systems
USDT.D at 5.76% Key Level to Watch for Crypto Market “BOTTOM”Hey everyone! 👋 Let’s talk about a critical level on the USDT.D chart (Tether Dominance) that could signal a major opportunity for crypto traders. If you’re looking to long Bitcoin, altcoins, or other crypto assets, this is the area you need to watch closely: 5.76%. Why is 5.76% So Important? 🤔 USDT.D measures the dominance of Tether (USDT) in the crypto market. When USDT dominance drops, it typically means money is flowing out of stablecoins (like USDT) and into riskier assets like Bitcoin, Ethereum, and altcoins. In simpler terms: a drop in USDT.D often signals a pump in the crypto market! Right now, the 5.76% level on the USDT.D chart (as shown in the image) is a key support zone. You can see it’s been tested before, and it aligns with historical bottoms in the crypto market. When USDT.D hits this level, it often marks a turning point—a bottom for the crypto market—where prices of BTC, alts, and other assets start to rally. What Does This Mean for Traders? 📈 If USDT.D reaches 5.76% and shows signs of reversing (like a bounce or consolidation), it’s a strong signal that the crypto market is ready to pump. Here’s why: • Money Flow: A drop to 5.76% suggests investors are moving funds from USDT back into crypto assets, driving up prices. • Market Bottom: This level has historically acted as a floor for USDT.D, meaning the crypto market could be at its lowest point before a big rally. • Opportunity to Long: When USDT.D hits this zone, it’s a great area to consider longing Bitcoin, altcoins, or other crypto assets, as they’re likely to start pumping. How to Play This? ⚡ 1. Watch the 5.76% Level: Keep an eye on USDT.D as it approaches this key support. Look for signs of a bounce or reversal (like a strong candlestick pattern or increased volume). 2. Confirm with Other Indicators: Check Bitcoin’s chart, altcoin price action, or other indicators (like RSI or MACD) to confirm the market is turning bullish. 3. Take Action: If USDT.D hits 5.76% and starts to reverse, consider longing your favorite crypto assets. This could be the start of a big pump for BTC, alts, and the entire market! Why This Matters for the Whole Market 🌍 The 5.76% level isn’t just about USDT.D—it’s a signal for the entire crypto market. When Tether dominance drops to this area, it often means the market has found a bottom, and we’re about to see a wave of bullish momentum. Whether you’re trading BTC, ETH, or smaller altcoins, this could be the best area to jump in for a long position. Final Thoughts 💡 The 5.76% level on USDT.D is the area to watch right now. It’s historically been a bottom for the crypto market, and if we hit it again, we could see a massive pump across all crypto assets. Stay patient, wait for confirmation, and get ready to take advantage of this opportunity! 🚀 What do you think? Are you watching this level too? Let’s discuss in the comments! 👇 Why This Explanation Works: 1. Simple Language: It avoids jargon and explains USDT.D in a way anyone can understand. 2. Actionable Advice: It tells people exactly what to watch (5.76%) and what to do (long crypto assets). 3. Visual Reference: It ties into the chart you shared, pointing out the 5.76% level. 4. Engagement: It invites discussion, encouraging others to share their thoughts. 5. Big Picture: It connects the USDT.D level to the broader crypto market, making it relevant to all traders.
CRYPTOCAP:USDT.DLong
by TraderSJ7
Bullish behaviour on NEM stockThe price of Newmont Corporation shares retraced to the areas where professional buying took place in the past (blue rectangles). The volume during that move down is decreasing, which, according to Volume Spread Analysis (VSA), is bullish behaviour. Also, given that today's bar penetrates the recent demand zone and the professionals were buying there again, this stock looks very strong and has a high chance of reversal. Closing above the $43.72 level followed by its testing on daily or lower (1H, 15 minutes) timeframes might start the rally towards $55.13 - $55.89 with resistance around $49.27 - $50.12. If today's bar is tested and supply reappears during this process, we may expect an extension of the ongoing correction to the $37.53 - $38.37 area and another surge of buying there.
NYSE:NEMLong
by VSA_Home
USD/CHF Approaching Key Resistance – Potential Reversal Ahead?Analysis & Description: The USD/CHF pair is currently testing a **strong resistance zone**, which previously acted as a significant **supply area**. Price has approached this **key level**, and a potential **rejection** could lead to a bearish move. #### **Key Observations:** ✅ **Resistance Area (Supply Zone):** Price is retesting a previously respected **resistance** zone. ✅ **Bearish Setup:** If the price fails to break above the **0.90607 level**, a **reversal** could take the pair lower toward the **target area**. ✅ **Volume Confirmation:** Increasing volume near resistance indicates potential selling pressure. ### **Trading Plan:** 📉 **Bearish Scenario:** - A rejection at **resistance** could lead to a move down toward **0.89267**, aligning with previous support. - **Stop-loss** can be placed above **0.90607** in case of a breakout. ⚠️ **Bullish Risk:** - If the price **breaks and holds above the resistance**, the bearish setup could be invalid, and further upside may occur. ### **Final Thought:** USD/CHF is at a **crucial decision point**. Traders should **watch price action closely** for confirmation of either a **breakout or a rejection** before making a move! 🚨📊
Short
by NexusTradesZone
XAU/USD Breakdown – Key Support Levels Tested After Major Drop!### **Analysis & Description:** This 1-hour chart of **Gold (XAU/USD)** from **OANDA** presents a strong **bearish move** following a key **liquidity grab and rejection** from the 2,942–2,950 resistance zone. #### **Key Observations:** - **Fair Value Gap (FGV 4H)**: The price initially tapped into the imbalance before facing a strong rejection. - **Liquidity Sweep**: The sharp move up prior to the decline suggests that smart money may have induced liquidity before the major bearish move. - **Bearish Break & Retest**: The price has broken through significant **support levels** around 2,892 and 2,878 and is now approaching the next support at **2,834**. - **Fibonacci & Structure**: The Fibonacci retracement aligns with a deeper correction, with the price possibly targeting **2,820–2,800** if bearish momentum continues. - **Risk-Reward Setup**: The risk-to-reward ratio in this trade setup suggests a well-executed short position, capturing nearly **3.70% downward movement** (approx. **-108 points**). ### **Potential Scenarios:** 🔴 **Bearish Case:** If the price sustains below 2,844 and fails to reclaim key resistance zones, further downside is likely toward **2,820–2,800**. 🟢 **Bullish Case:** A strong bounce from current levels (2,834) could trigger a short-term retracement before resuming downward momentum. #### **Final Thought:** Gold remains in a **strong downtrend**, and traders should watch for price action confirmation around support levels before considering further positions.
OANDA:XAUUSDShort
by NexusTradesZone